Baird Downgrades Amgen (AMGN) to Neutral
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Price: $415.21 -0.63%
Rating Summary:
20 Buy, 18 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
20 Buy, 18 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Baird downgraded Amgen (NASDAQ: AMGN) from Outperform to Neutral with a price target of $84.00 (from $83.00).
The analyst comments, "We agree AMGN's defensive nature, increased dividend and strong cash flow remain considerations for large-cap managers making cross-sector choices. However, from our vantage point, given the stock's +75% move since August 2011, this story appears to have largely played out for the near/intermediate term."
For an analyst ratings summary and ratings history on Amgen click here. For more ratings news on Amgen click here.
Shares of Amgen closed at $83.94 yesterday.
The analyst comments, "We agree AMGN's defensive nature, increased dividend and strong cash flow remain considerations for large-cap managers making cross-sector choices. However, from our vantage point, given the stock's +75% move since August 2011, this story appears to have largely played out for the near/intermediate term."
For an analyst ratings summary and ratings history on Amgen click here. For more ratings news on Amgen click here.
Shares of Amgen closed at $83.94 yesterday.
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Robert W Baird, DividendSign up for StreetInsider Free!
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